debt
confidence high
sentiment neutral
materiality 0.50
Ally Financial issues $500M of 6.700% subordinated notes due 2033
Ally Financial Inc.
- Sold $500M aggregate principal of 6.700% Subordinated Notes maturing 2033.
- Notes are subordinated and issued under existing Indenture dated Nov 2015.
- Offering registered under shelf registration statement effective Oct 2022.
- Underwriters include BofA Securities, Goldman Sachs, J.P. Morgan, Morgan Stanley.
- Issuance closed February 13, 2023; use of proceeds not specified.